BTC Trading Signal: Go Long
In the opinion released last Saturday, I clearly told everyone that if you break the trend line, you can go short, support 28600-28200, and go long near the support, with a target of 29000. Both transactions are perfectly completed.
Today, Bitcoin fell below the 28600-28200 support, which has turned into resistance, and the support moved down to around 27200.
After a continuous decline, the 30m chart pattern has a rebound demand, so the next transaction is mainly to do more at low levels, and the upper resistance focuses on 28200-28600.
Bitcoinusd
Bitcoin Next Week Possible MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " ABC " Correction
Impulse Correction Impulse
Symmetrical Triangle
SMC - CHOCH
Break of Structure
Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Impulsive " wxyx " Wave will Completed its " z " at Daily S / R Level
$3k BULLISH WAVE (IV) UNDERWAY: TARGET AREA 29007-28687!!BITCOIN is STILL going down in a BEARISH ZIGZAG MILLENNIUM WAVE (X), and subdivided into WAVES W, X, Y. This BULLISH WAVE (IV) is a counter WAVE against the TREND (please notice the inverse head and shoulders), therefore I am predicting BITCOIN is going UP $3k in 3 WAVES (a,b,c) of degree CYCLE to my projected target area 29007-28687. Please comment below and let me know what you think.
BTCUSDT - has bull market really been started? Hello, dear friends!
Bitcoin has approached to the critical price level where most of traders are struggling to define if now still the bear market or the bull market has been already strated. In today's article we will try to bring together many facts and make the conclusion about what is coming next. Let's go!
BEAR MARKET STRUCTURE
I have see many opinions that bear market has been started on November 2021, but I suppose it has started much earlier - in April 2021. My first evidence of this assumption is that maximum euphoria was in April, where we saw the largest altseason ever. Remember, many altcoins made 10-100x in those period. After OKX:BTCUSDT faced with the corrective move in wave A. The wave B was very tricky, it broke through the previous ATH which made a lot of traders confused. But in November 2021 only BTC and fundamental altcoins set the new ATH, like ETH, ATOM and DOT. So-called "shitcoins" demonstrated very weak pump and retraced only to 0.61 Fibonacci. To sum up this part of analysis, I consider now Bitcoin is finishing the wave C before the new bull market.
WAVE C STRUCTURE
Our main purpose now is to anticipate where the wave C could be ended to invest in crypto. Wave C should consists of 5 waves. Awesome oscillator is our best tool to identify the waves. The minimum AO value corresponds to the wave 3 bottom. Yes, It was at $17500, not at $15500. In my opinion, wave 4 has the shape of complex correction - very tricky one for all traders. I suppose that wave 4 has been finished in two reasons: BTC reached the 0.38-0.5 Fibonacci area and AO crossed the zero line.
WHAT IS THE BEAR MARKET TARGET PRICE?
I consider the wave 5 ahead. It's to fearfull that the potential target for this wave is located between $9k and $10k. There I plan to invest in Bitcoin and some fundamental altcoins. I suppose most of altcoins will disappear at such low price levels. Anyway we have the clear scenario invalidation level. If Bitcoin will break through the $32800 - wave 1 bottom level, my Elliott wave formation is gonna be failed.
In updates I am going to add this idea with local scenarios which supports this scenario.
Bitcoin SOPR #3- Quick Update.
- Everything is in graphic.
- Check SOPR + Green Circles.
- Did some smart hands took their benefits ?
- Yes.
- Does it means BTC price will crash ?
- No.
- Does it means we are in a correction ?
- Not really.
- Does it means it's a boring phase ?
- Yes.
Happy Tr4Ding !
Bitcoin is the Answer? The Week Ahead [ Bitcoin ] ₿Price is currently in between our Weekly Level's
Support - 27,592 $
Resistance - 30,319 $
Price Is currently in between our Daily Level's
Support - 28,857 $
Resistance - 29,540 $
Price Appears to be closing above our Daily Level 28,857 which is a Win for the Bulls.
The Bulls are also happy that the weekly candle appears to be printing a larger bottom wick than a top wick.
This Bottom wick is also rejecting our Weekly Support Level at 27,592.
Zooming out we can see that Bulls are also happy that price has been printing
Higher lows on the Daily Chart since the 3rd week of March.
The Bears are happy that the Weekly Candle appears to be rejecting the 29,540 $ Daily level from the Previous week.
The Bears are looking for Pullbacks to Medium term 24,310 and the Longer term targets being 10,600 Monthly Level.
I can observe Bears being content with holding shorts as long as price holds below our 30,319 Weekly Level that extends back to June 22'
30,319 is a S/R Zone that held as a Solid Support during the recent Bull Run to 69K.
Price held Support at this S/R Zone (30,319 $) during Jan 21' and July 21'.
This is a Major Key Level (30,319$) for Shorts as I can observe price going back up to 39K rather easily if price does not hold here.
BTC LONG at 4 HR TF HELLO FRIEDS
BTC toch below 27700 then go to 2900
based on chart analysis and demand zone if btc breaks aggresivily in 27k then next suppport zone 25k
wait for confirmation on next 4Hr candle
my oppenion if btc touch 27700k then go to the next coming to 29k retest then fall down to 25 k
if possible 29k aggressive bullish candle it will go to the 30k to 34k next resistance break
thanks for reading
if i am wrong leave your comment below
BITCOIN - Bearish Double TOP 📉Hello Traders👋🏻
On The Daily Time Frame, The BTCUSD Price Reached a Supply Zone (30036.00-30492.22) ✔
The Price Failed To Create New Higher High 📈
Currently, BTC formed a Double Top Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, BITCOIN Can Continue The Bearish Move 📉
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TARGET 1: 28050.00🎯
TARGET 2: 27550.00🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BTC - sell and buy zones.Hello! It is visually evident that a so-called "falling wedge" has formed on the chart, which is one of the most well-known patterns in the market. The wedge typically indicates that supply and demand in the market are converging, and can be a signal for traders that the price may change its direction.
In addition, buying and selling zones are highlighted on the chart. These zones can be useful for you, as they are a reference point for me in terms of where the price is expected to go in the near future.
Bitcoin - BTC near points of bullish power🔴Bitcoin BTC
The Cumulative Volume Delta (CVD) displays the cumulative volume changes based on the volume traded by sell aggressors🟢versus buy aggressors⚫️
Points of switch to bullish power🔴
Are we here dear Crypto Nation?👀🚨🚀
Comments💭, Likes♥️ & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Weekly Momentum On Major Pairs (Week 19/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slightly Bullish
Gold & Silver: Very Bullish
XXX/JPY: Mixed
Stock Indexes: Mixed
BitCoin: Mixed
WK 19 (07 May 2023)
Bitcoin and similarity with 2013 Of all the "Projections" about Bitcoin future price, THIS is the most Valid projection for me
2013 ATH to when the 50SMA went under PA to when it rose back above PA is the SAME number of days EXACTLY as now
if Valid, Leads to a near $800K BTC by April 2025
Will it remain Valid ? Impossible to say BUT world circumstances right now could lead for the need of an alternative to $
Big Days ahead